Three months ended June 30,

Six months ended June 30,

 

2026

 

2025

 

2026

 

2025

 

(in thousands, except per share amounts)

Numerator:

Net income

$

11,857

$

11,733

$

11,533

$

23,680

Interest expense associated with convertible notes

—

125

—

378

Net income available to common shareholders

$

11,857

$

11,858

$

11,533

$

24,058

Denominator:

Basic weighted average shares outstanding

61,064

59,076

60,777

58,434

Effect of potentially dilutive share-based awards

1,972

257

1,505

297

Dilutive effect of convertible notes

3,746

904

2,654

1,341

Diluted weighted average shares outstanding

66,782

60,237

64,936

60,072

Net income per common share:

Basic

$

0.19

$

0.20

$

0.19

$

0.41

Diluted

$

0.18

$

0.20

$

0.18

$

0.40

Potentially dilutive shares excluded from the diluted calculation as their effect would be antidilutive

0

1,803

17

1,099

Maximum potential shares to be issued for settlement of convertible senior notes excluded from the diluted calculation as their effect would be antidilutive

N/A

92